GEOTEX: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GEOTEX
Largest movements
- Deferred charges and accrued income +€19,729
up €19,729 (+96.6%), from €20,431 to €40,160
- Receivables within one year +€6,760
up €6,760 (+17.7%), from €38,143 to €44,903
- Tangible fixed assets +€1,750
new in 2024: €1,750
- Trade debts +€20,854
up €20,854 (+40.9%), from €50,976 to €71,829
of which Bills of exchange payable: +€16,286
- Profit (loss) carried forward +€10,061
up €10,061 (+532.9%), from €1,888 to €11,949
- Tax, wage and social debts -€2,318
down €2,318 (-22.0%), from €10,534 to €8,216
of which Remuneration and social security: -€2,652
- Turnover +€44,230
up €44,230 (+30.4%), from €145,660 to €189,889
- Gross operating margin +€10,373
up €10,373 (+323.7%), from €3,205 to €13,578
- Taxes +€1,974
up €1,974 (+372.4%), from €530 to €2,504
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,147 | €94,744 | +€28,597 | +43.2% |
| Fixed assets | 21/28 | €61 | €1,846 | +€1,785 | +2924.1% |
| Tangible fixed assets | 22/27 | - | €1,750 | +€1,750 | |
| Plant, machinery and equipment | 23 | - | €1,750 | +€1,750 | |
| Financial fixed assets | 28 | €61 | €96 | +€35 | +57.1% |
| Current assets | 29/58 | €66,086 | €92,898 | +€26,812 | +40.6% |
| Amounts receivable within one year | 40/41 | €38,143 | €44,903 | +€6,760 | +17.7% |
| Trade receivables | 40 | €38,143 | €44,903 | +€6,760 | +17.7% |
| Cash at bank and in hand | 54/58 | €7,512 | €7,835 | +€323 | +4.3% |
| Deferred charges and accrued income | 490/1 | €20,431 | €40,160 | +€19,729 | +96.6% |
| Total equity and liabilities | 10/49 | €66,147 | €94,744 | +€28,597 | +43.2% |
| Equity | 10/15 | €4,638 | €14,699 | +€10,061 | +216.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Legal reserve | 130 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,888 | €11,949 | +€10,061 | +532.9% |
| Amounts payable | 17/49 | €61,509 | €80,045 | +€18,536 | +30.1% |
| Amounts payable within one year | 42/48 | €61,509 | €80,045 | +€18,536 | +30.1% |
| Trade debts | 44 | €50,976 | €71,829 | +€20,854 | +40.9% |
| Suppliers | 440/4 | €4,988 | €9,556 | +€4,568 | +91.6% |
| Bills of exchange payable | 441 | €45,988 | €62,274 | +€16,286 | +35.4% |
| Taxes, remuneration and social security | 45 | €10,534 | €8,216 | -€2,318 | -22.0% |
| Taxes | 450/3 | €2,192 | €2,527 | +€335 | +15.3% |
| Remuneration and social security | 454/9 | €8,342 | €5,689 | -€2,652 | -31.8% |
| Turnover | 70 | €145,660 | €189,889 | +€44,230 | +30.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €142,460 | €142,460 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €349 | €214 | -€136 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €613 | +€613 | |
| Gross operating margin | 9900 | €3,205 | €13,578 | +€10,373 | +323.7% |
| Operating profit (loss) | 9901 | €2,856 | €12,751 | +€9,896 | +346.5% |
| Financial charges | 65/66B | €187 | €187 | -€1 | -0.5% |
| Recurring financial charges | 65 | €187 | €187 | -€1 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €2,668 | €12,565 | +€9,897 | +370.9% |
| Income taxes | 67/77 | €530 | €2,504 | +€1,974 | +372.4% |
| Profit (loss) for the period | 9904 | €2,138 | €10,061 | +€7,923 | +370.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,138 | €10,061 | +€7,923 | +370.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.